Tue Dec 24 09:00:00 UTC 2024: **DTE Energy Announces FY24 Earnings Guidance, Analysts Offer Mixed Outlook**

**DETROIT, MI – December 2024** – DTE Energy (NYSE: DTE) today announced its fiscal year 2024 earnings guidance, projecting earnings per share (EPS) between $6.54 and $6.83. This falls slightly below the consensus analyst estimate of $6.74. The announcement comes amidst a flurry of analyst activity surrounding the stock.

Several firms recently adjusted their ratings and price targets for DTE Energy. Morgan Stanley lowered its target price to $128, while maintaining an overweight rating. Conversely, Mizuho raised its price target to $133 with an outperform rating, and BMO Capital Markets increased its price objective to $140, assigning a market perform rating. Jefferies Financial Group initiated coverage with a hold rating and a $137 price target. StockNews.com upgraded DTE from a sell to a hold rating.

Currently, the stock boasts a Moderate Buy rating based on the opinions of 15 analysts, with 8 recommending a buy and 7 a hold. The consensus price target sits at $134.31, according to MarketBeat.com.

Shares of DTE Energy closed at $121.35 on Monday, up $1.14, on a volume exceeding its average. The company also declared a quarterly dividend of $1.09 per share, payable on January 15th to shareholders of record on December 16th, representing a 3.59% dividend yield.

DTE Energy operates in the utility sector, providing electricity and other services to customers in southeastern Michigan. The company’s financial profile includes a market capitalization of $25.13 billion, a P/E ratio of 16.43, and a debt-to-equity ratio of 1.76. While some analysts express optimism, MarketBeat notes that DTE Energy was not included among the top five stocks recommended by their top-performing analysts.

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